Slide 1: Taruga Gold (ASX: TAR)
For personal use only ASX: TAR
Slide 2: Competent Person Statement & Disclaimer
Competent Person Statement & Disclaimer For personal use only The information contained in this presentation has been prepared by Taruga Gold Limited (Company). The information in this Presentation that relates to exploration results and geological information is compiled by Mr Bernard Aylward. Mr A
Slide 3: Taruga Gold - West African Gold Exploration
Taruga Gold - West African Gold Exploration For personal use only Niger Cote d’Ivoire Ghana
Slide 4: Why We Focus on West Africa
Why We Focus on West Africa For personal use only One of the world’s Pro-mining region with greatest gold regions strong legal system Leading discovery rate & development Highly experienced of new mines in last 15 years service providers Exploration focus in previously ? untested regions
Slide 5: Board and Management
Board and Management For personal use only Bernard Aylward BSc (Hons – Geol) Executive Chairman and Managing Director 20 years Experience as Manager & Exploration Geologist across West Africa, Australia and Europe. Peter Newcomb FCA (ICAEW) Executive Director, CFO and Company Secretary Chartered Acc
Slide 6: Projects within Birimian Greenstone Belts
Kossa Kossa Project Project Niger For personal use only Burkina Faso Ducie Ducie Project Project Tortiya Tortiya Project Project Niger Cote Ghana d’Ivoire Cote d’Ivoire Mangkono Mangkono Project Project Ghana All projects located within Birimian Greenstone Belts
Slide 7: Niger
Niger For personal use only Pro-mining country with world class Uranium mining industry Recent peaceful elections ? Under-explored for gold mineralisation SEMAFO (TSX:SMF), capitalised at $ C$2.43b, developed & operated Samira Hill gold mine since 2004. Large Canadian explorers are aggressive in Nig
Slide 8: Kossa Project – Niger
Kossa Project – Niger For personal use only 970km2 granted licences developing gold district Very encouraging grade and width with 1km of Kossa Kossa Project Project strike to date Additional drilling and broad untested Niger Geochemical anomalies Adjacent to IAMGold’s 5Moz Essakane Gold Mine Projec
Slide 9: Kossa Project – Niger
Kossa Project – Niger For personal use only Same geological sequence and structural setting as Essakane Kossa Kossa Project Project Kossa Kossa Project Project 2 970km 970km2 Granted Granted Licence Licence Kossa licence joins the Essakane regional project with high grade Niger results 20km Previous
Slide 10: Exploration
Exploration For personal use only • Previous exploration completed by Orezone has defined strong geochemical anomalies • Geology masked by extensive areas of aeolian sand cover • Initial RC drilling at the Kossa and Fatatako prospects confirms the presence of primary gold mineralisation Essakane Ess
Slide 11: Immediate Drilling Targets Kossa Prospect
Immediate Drilling Targets Kossa Prospect For personal use only Exploration drilling by Orezone at the Kossa Prospect has defined a +900m strike length of gold mineralisation with intersections including: 14m at 3.79g/t gold from 28m in drill hole KSC033 13m at 2.43g/t gold from 20m in drill hole KS
Slide 12: Kossa Project – Immediate Drilling Targets
Kossa Project – Immediate Drilling Targets For personal use only Open Open Drill Hole – Max Gold ppm 3m 3m @ @ 21.17g/t 21.17g/t fr fr 2m 2m 4m 4m @ @ 3.07g/t 3.07g/t fr fr 29m 29m 7m >5g/t Au Gold mineralisation hosted in folded 11m 11m @ @ 3.86g/t 3.86g/t fr fr 39m 39m 7m @ @ 2.32g/t 2.32g/t fr fr
Slide 13: Kossa Project – Immediate Drilling Targets
Kossa Project – Immediate Drilling Targets For personal use only KSC0049 KSC0067 KSC0033 KSC0039 KSC0050 KSC0068 KSC0069 KSC0035 KSC0037 KSC0038 KSD0012/10 KSD0011 KSC0015 KSC0014 KSC0036 KSC0013 3m 13m 13m @ @ 1.92g/t 1.92g/t fr 3m @ 260m@ 1.31g/t 1.31g/t fr fr 8m 8m 11m fr 9m 11m @ @ 1.84g/t 1.84g
Slide 14: Immediate Drilling Targets Kossa Prospect
Immediate Drilling Targets Kossa Prospect For personal use only At the Fatatako Prospect gold mineralisation includes: 8m at 3.06g/t gold from 17m in drill hole FKC0016 2m at 7.23g/t gold from 6m in drill hole FKC0036 Surface Sample (Au ppb) 200 to 5000 10m at 1.52g/t gold from 64m in drill hole FKC
Slide 15: Kossa Project – Immediate Drilling Targets
Kossa Project – Immediate Drilling Targets For personal use only FKC0017 FKC0045 FKC0016 FKC0099 FKC0058 260m 3m 3m @ @ 2.40g/t 2.40g/t fr fr 42m 42m 240m 75m Drill Intercept 220m 75m 85m 85m 200m 5m 5m @ @ 8.43g/t 8.43g/t fr fr 76m 90m 76m Interpreted Mineralisation 180m Fatatako Section 1603760
Slide 16: Kossa Project – Exploration Program
Kossa Project – Exploration Program For personal use only Exploration drilling testing the Kossa and Fatako prospects to follow-up previously defined gold mineralisation – RC drill rig mobilising in February 2012 Exploration will target extensions to the Fatatako Prospect and potential links to the
Slide 17: Ghana
Ghana For personal use only Long history of established mining, robust legal system & English speaking Economy rapidly growing and developing 2nd largest African gold producer - +3Moz per year production. Major gold 2nd deposits in country, and many +10Moz gold discoveries New mines developing in co
Slide 18: Ducie Project – NW Ghana
Ducie Project – NW Ghana For personal use only 1,100km2 granted licences in exciting gold province Ducie Ducie Project Project Niger High-tenor geochemical anomalies No previous drilling, artisanal workings Cote d’Ivoire Ghana
Slide 19: Ducie Project – NW Ghana
Ducie Project – NW Ghana For personal use only 150ppb 150ppb Au Au Under-explored region of NW Ghana – activity on neighboring ground is 924ppb 924ppb Au Au uncovering new gold discoveries (ASX – Castle Minerals Ltd, Azumah Resources 100ppb 100ppb Au Au Ltd) Ducie Ducie Project Project 50km 50km of
Slide 20: Ducie Project – Exploration
Ducie Project – Exploration For personal use only 150ppb 150ppb Au Au Aeromagnetic data highlights major structural control 924ppb 924ppb Au Au Geochemical anomalies remain open 100ppb 100ppb Au Au along strike with wide-spaced 50km 50km of of gold gold mineralised mineralised sampling returning res
Slide 21: Cote d'Ivoire
Cote d’Ivoire For personal use only Under-explored country with very high ? prospectivity Returned to stable government following election in November 2010 Active gold mining in country with Randgold Tongon Mine, Newcrest Bonikro Mine, Cluff Mining Angovia Mine & La Mancha Ity Mine Legal system stro
Slide 22: Mangkono Project – Cote d'Ivoire
Mangkono Project – Cote d’Ivoire For personal use only Licence Application covering 1,000km2 of Birimian greenstone geology and major structures Very limited modern exploration Key Key Target Target Area Area Artisanal Niger completed Artisanal working working associated associated with with geologi
Slide 23: Capital Structure
Capital Structure For personal use only ASX Code: TAR IPO Raise: A$6.12M, 30,616,000 new shares issued Shares on Issue: 85,616,000 (33,116,000 trading) Market Cap: A$17M Cash: A$6.25M
Slide 24: Comparables
Comparables For personal use only Comparable Stock Market Capitalisation Enterprise Value Taruga Gold (ASX:TAR) $17 million $11 million Mt Isa Metals (ASX:MET) $46 million $33 million Golden Rim (ASX:GMR) $61 million $52 million Middle Island (ASX:MDI) $39 million $32 million Canyon Resources (ASX:C
Slide 25: Contact
For personal use only Contact: Bernard Aylward +61418943345 bernard.aylward@tarugagold.com.au